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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #59,961
  • Nov 4, 2012 3:18pm Nov 4, 2012 3:18pm
AWESOME!
Quoting sftyler
Gentleman i'm back refresh and ready for action after 3 weeks away.
I can also see i haven't missed much other than the USD/CAD and gold, the rest has been ranging sorry but boring for me.
PT, i will PM this week the details of what we spoke about last time as i do need your help.
Until then this is one of the thing i did while away and i was a lot hard than i thought.
  • #59,962
  • Nov 4, 2012 3:48pm Nov 4, 2012 3:48pm
EUR Gap down = Short Term Bullish
  • #59,963
  • Nov 4, 2012 5:06pm Nov 4, 2012 5:06pm
My game plan going forward
Sell EUR/USD rallies. First target 1.2650/60
Buy USDX weakness. First target 81.95
Buy USD/CAD weakness. First target 1.0080
Buy USD/JPY weakness. First target 84.10/20
Sell AUD/USD rallies. First target 1.0260/70
Sell GBP/USD rallies. First target 1.5920/30
So yeah… basically buy the USD
Those who say it cannot be done should not interrupt those who are doing it
  • #59,964
  • Nov 4, 2012 5:11pm Nov 4, 2012 5:11pm
Quoting PipTrapper
My game plan going forward
Sell EUR/USD rallies. First target 1.2650/60
Buy USDX weakness. First target 81.95
Buy USD/CAD weakness. First target 1.0080
Buy USD/JPY weakness. First target 84.10/20
Sell AUD/USD rallies. First target 1.0260/70
Sell GBP/USD rallies. First target 1.5920/30
So yeah… basically buy the USD
So why are you a usd bull this week as opposed to being just a Euro Bear?
Kill the ego, or it will kill the mission.
  • #59,965
  • Nov 4, 2012 5:30pm Nov 4, 2012 5:30pm
Agree with that! Buy USD.

Quoting PipTrapper
My game plan going forward
Sell EUR/USD rallies. First target 1.2650/60
Buy USDX weakness. First target 81.95
Buy USD/CAD weakness. First target 1.0080
Buy USD/JPY weakness. First target 84.10/20
Sell AUD/USD rallies. First target 1.0260/70
Sell GBP/USD rallies. First target 1.5920/30
So yeah… basically buy the USD
  • #59,966
  • Nov 4, 2012 9:05pm Nov 4, 2012 9:05pm
Feeling bearish on ej but will uj keep this floating?
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  • #59,967
  • Nov 5, 2012 12:32am Nov 5, 2012 12:32am
hello traders

i believe if they take out 2743 then 60day break out has failed because according to way of the turtle or turtle trading 60 day break out should not be tested until and unless the total range of the break out is completed 100%

let me explain more before the 60 day break out the low was 2042 and 60 day break out price is 2743 and the difference is 701 pips and according to 60 day break out the prices should add this 701 pips to 2743, you will find the price level 3444 minimum and i have heard that very sound and experienced traders has called for 3500 before the break of 2700, interestingly the break out level is 2743 and touch/break of 2743 will invalidate the 60 day break out which is considered long term trend shift in prices

GL
Learning Requires Failure
  • #59,968
  • Nov 5, 2012 12:53am Nov 5, 2012 12:53am
Quoting gino32
AWESOME!
Thanks Gino !!!!
  • #59,969
  • Nov 5, 2012 1:32am Nov 5, 2012 1:32am
Quoting sftyler
Gentleman i'm back refresh and ready for action after 3 weeks away.
I can also see i haven't missed much other than the USD/CAD and gold, the rest has been ranging sorry but boring for me.
PT, i will PM this week the details of what we spoke about last time as i do need your help.
Until then this is one of the thing i did while away and i was a lot hard than i thought.

Fantastic!!!!
WELL DONE!
If ask a silly question.. forgive me!i'm just confused again!
  • #59,970
  • Nov 5, 2012 1:50am Nov 5, 2012 1:50am
Good morning fellow traders.

As is usual on Monday mornings, there is not much to report on the fundamental front. However, on Friday the EUR/USD made a significant move towards breaking the range low of 1.2802. With a low of 1.2820 and a weekly close of 1.2821, I take it as a significant signal that the bulls have clearly lost control. With the 200 day ema at 1.2836 now offering some resistance (on a daily close basis) and a reported barrier option at 1.2800 (along with significant bids), it will be interesting to see where we go from here.

As I pointed out last Friday, the Head and Shoulders neckline at 1.2898 was breached and with its head sitting at 1.3138, that would give us a measured move down of 240 pips to 1.2658. This is further supported by a break upwards from the neckline of the USDX inverted head and shoulders formation targeting a USDX price of 81.95/82.00 area. Of course I fully expect a pullback this week to test the broken necklines before advancing towards the targets on both instruments.

The calendar is fairly light today so I do not expect much volatility from macro-economic factors, but I do expect some verbal diarrhea and the usual disappointment from the conclusion of the G20 meetings today. Of course by Thursday we should have the results from the US presidential elections... just in time for Mario Draghi to try and spoil my party. Good luck Mario

As always, be well and trade safe.

Pete Jackson's Order Board:

EUR/USD: (Barrier 1.2800) Bids 1.2800/10, sell stops below ahead of tech support 1.2755/60 (Sept 11/12 lows) sell stops through 1.2750, tech supp 1.2735/40 (38.2% of 1.2042-1.3169 rally at 1.2037), ahead of further bids 1.2700/10. 200 day MA 1.2830, offers 1.2845/55 (55 day MA 1.2857), buy stops through 1.2860, ahead of further offers 1.2890/00

Euro FX Option Expiries for today @ 15:00GMT

EUR/USD: 1.2850, 1.2870, 1.2900, 1.2950, 1.3000

E/U H4:
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USDX: Daily:
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Those who say it cannot be done should not interrupt those who are doing it
  • #59,971
  • Nov 5, 2012 3:11am Nov 5, 2012 3:11am
Quoting cdndollar
Now on to Euro & GBP pip hoarding business..

New month + London & New York Bears + Crosses Bears = M/T Trend Correction/Turn..
With the breach of the 2 months support, 1.35 will have to wait a bit longer as S/T focus now shifted down to the 1.2900~1.2700 traverse zone..

GBPUSD + EURGBP + EURJPY side to down = EURUSD in trouble..
Closed USDJPY long here @80.28

Cable short stop @+88
Operation "rinse & flush"
  • #59,972
  • Nov 5, 2012 3:47am Nov 5, 2012 3:47am
Quoting PipTrapper
Good morning fellow traders.

As is usual on Monday mornings, there is not much to report on the fundamental front. However, on Friday the EUR/USD made a significant move towards breaking the range low of 1.2802. With a low of 1.2820 and a weekly close of 1.2821, I take it as a significant signal that the bulls have clearly lost control. With the 200 day ema at 1.2836 now offering some resistance (on a daily close basis) and a reported barrier option at 1.2800 (along with significant bids), it will be interesting to see where we go from...
Beautiful weather with 1.2805 being resistance.
  • #59,973
  • Nov 5, 2012 3:55am Nov 5, 2012 3:55am
i will buy euro$ between 2760/70 for target 29xxx stops 2740

if get a chance
Learning Requires Failure
  • #59,974
  • Nov 5, 2012 3:57am Nov 5, 2012 3:57am
Quoting tirmizi
i will buy euro$ between 2760/70 for target 29xxx stops 2740

if get a chance
Nothing suggests a buy for me anyway. I will wait for the elections outcome.

If it breaks 1.2750 the next support is around 1.2640.
  • #59,975
  • Nov 5, 2012 3:59am Nov 5, 2012 3:59am
Tagged...
  • #59,976
  • Nov 5, 2012 4:09am Nov 5, 2012 4:09am
CAD and USD should gain with this release


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  • #59,977
  • Nov 5, 2012 4:11am Nov 5, 2012 4:11am
Quoting Ken A
Nothing suggests a buy for me anyway. I will wait for the elections outcome.

If it breaks 1.2750 the next support is around 1.2640.

weekly S1 is 2763
monthly S1 and S2 mid is 2762/63

daily S1 and S2 mid is 2762/63

i think large pool of buy orders are there pending plus 60 day break out level is 2743 it might be defended and yearly S1 is 2771, so alot of confluence of support numbers

monthly pivot is 2967 weekly pivot is 2899 and daily pivot is 2870

i think we might see increased volatility and then consolidation and again volatility
Learning Requires Failure
  • #59,978
  • Nov 5, 2012 4:13am Nov 5, 2012 4:13am
Quoting tirmizi
weekly S1 is 2763
monthly S1 and S2 mid is 2762/63

daily S1 and S2 mid is 2762/63

i think large pool of buy orders are there pending plus 60 day break out level is 2743 it might be defended and yearly S1 is 2771, so alot of confluence of support numbers

monthly pivot is 2967 weekly pivot is 2899 and daily pivot is 2870

i think we might see increased volatility and then consolidation and again volatility
almost same is the case with pound$
confluence of S1 weekly daily and monthly between 5955/74
Learning Requires Failure
  • #59,979
  • Nov 5, 2012 4:16am Nov 5, 2012 4:16am
Quoting tirmizi
weekly S1 is 2763
monthly S1 and S2 mid is 2762/63

daily S1 and S2 mid is 2762/63

i think large pool of buy orders are there pending plus 60 day break out level is 2743 it might be defended and yearly S1 is 2771, so alot of confluence of support numbers

monthly pivot is 2967 weekly pivot is 2899 and daily pivot is 2870

i think we might see increased volatility and then consolidation and again volatility
i was thinking something similar at 2750/70. i am not going long, just looking for a bounce to sell this week, preferably after the pres election and any recounts/drama. possibly back to ~2900. not sure where it will cap.
Any prices quoted are futures
  • #59,980
  • Nov 5, 2012 4:31am Nov 5, 2012 4:31am
Quoting redteamgo
i was thinking something similar at 2750/70. i am not going long, just looking for a bounce to sell this week, preferably after the pres election and any recounts/drama. possibly back to ~2900. not sure where it will cap.
1.2870/80
but first we need to see a daily close below 1.2800 today
Those who say it cannot be done should not interrupt those who are doing it
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